Portland Borough, PA 18351,507 Delaware AVE

$450,000

Est. payment /mo

$485,000

7.2%
Est.Price: ?

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507 Delaware AVE Portland Borough, PA 18351

5 Beds

5 Baths

4,500 SqFt

SOLD DATE : 02/27/2025

Key Details

Sold Price $450,000

Property Type Apartment

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 4,500 sqft

Price per Sqft $100

Subdivision Not In Development

MLS Listing ID 750177

Sold Date 02/27/25

Bedrooms 5

Full Baths 5

Construction Status Unknown

HOA Y/N No

Year Built 1890

Annual Tax Amount $3,935

Lot Size 3,528 Sqft

Acres 0.081

Property Sub-Type Apartment

Property Description

Stunning Turnkey Investment Property in Historic Portland

This beautifully maintained property offers breathtaking views of the Delaware River and the walking bridge from the second floor. With all units currently rented, this income-producing building features five units in total: three one-bedroom apartments upstairs, a two-bedroom unit on the first floor, and a commercial storefront occupied by a popular chocolate shop. All tenants are long-term and well-established.

Recent upgrades include new electrical panel boxes installed in the three upstairs units. Additionally, Unit 2A was fully remodeled in 2022, and Unit 2C underwent renovations when purchased. This property provides an excellent opportunity to add a lucrative asset to your portfolio, with solid passive income and potential for growth.

Don't miss out—properties like this are rarely listed. Schedule a showing today!

Location

State PA

County Northampton

Area Portland

Direction Route 611 to Delaware Ave Portland. Building has Alexandra & Nicolay Chocolate shop in it.

Interior

Heating Baseboard, Electric, Hot Water

Cooling Wall/Window Unit(s)

Flooring Carpet, Hardwood

Fireplace No

Laundry Washer Hookup

Exterior

Parking Features On Street

Utilities Available Cable Available

Water Access Desc Public

Total Parking Spaces 5

Building

Story 2

Sewer Public Sewer

Water Public

Construction Status Unknown

Schools

School District Bangor

Others

Senior Community No

Tax ID B11SE3C6 14 0127

Security Features Smoke Detector(s),Fire Escape

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Conventional

Special Listing Condition None

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Listed by Realty Solutions of Pa
Bought with Realty Solutions of Pa
agent

Michael Gibbons

Agent | License ID: RS362721

+1(610) 704-9709

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